Federation Of Indian Export Organisations

Indian delegation explores investment opportunities in S Africa, Botswana

A multi-product Indian business delegation on a five-day visit to South Africa and neighbouring Botswana has been well-received by potential partners for trade and investment in both countries, the delegation leader said on Wednesday. The delegation from the Federation of Indian Export Organisations (FIEO) explored the business opportunities in these two nations. Under the theme Balancing and Nurturing Trade Relations and Developing Promising Bilateral Trade, day-long seminars including local speakers were co-hosted by FIEO and the Indian missions in Johannesburg and Gaborone, followed by Business-Business meetings and interactions with government ministers and officials. The delegation has been well-received by potential partners for trade and investment in both South Africa and neighbouring Botswana, delegation leader Khalid Khan told PTI on Wednesday. The African region has always been a very attractive market due to the huge market potential, so the delegation was aimed at ...

Rajasthan is aiming to become a major exporting state: REPC Official

Rajasthan is aiming to become a major exporting state in the coming years, an official of the Rajasthan Export Promotion Council (REPC) has said. The state had exported goods worth Rs 72,000 crore in 2021-22, out of which 11 per cent were handicraft items, REPC Chairman Rajiv Arora said. "The current fiscal is very turbulent due to geopolitics for which freight costs have risen exorbitantly. But we are expecting that exports from the state in 2022-23 will be around Rs 82,000 crore," Arora said. In its first international EXPO at Jodhpur on March 20-22, the REPC will showcase the state's products like handicrafts, textiles, garments, agricultural products, spices, stone and marble ware, he said here on Wednesday. The state is laying focus on the MSME sector, Arora said adding that the government has decided to give interest subvention for projects up to Rs 50 crore. The state government has also stated in its industrial policy that incentives will be given for asset creation. Besid

Indian exporters boost euro hedges after rally to near two-year high

There is an urgency among exporters to hedge following the euro's rally to above 88, a treasury sales official at a private bank said

Economic Survey highlights India's diversifying merchandise trade: FIEO

Increasing exports to markets such as Brazil, South Africa and Saudi Arabia are boosting the growth of the country's outbound shipments, FIEO said on Tuesday. Federation of Indian Export Organisations (FIEO) President A Sakthivel said the Economic Survey has rightly highlighted India's growing and diversifying merchandise trade. "The new diversified markets, including those of Brazil, South Africa and Saudi Arabia, have led to the increase in exports by up to 2 times," he said. The ongoing trade negotiations with the UK, EU, Canada, and Israel will also add further impetus to our exports, he added. "Reducing the cost of logistics in the country, which now to the tune of 14-15 per cent, comparable to the global benchmark, will help in making our exports more competitive worldwide," Sakthivel said. Yogesh Gupta, Regional Chairman, FIEO (Eastern Region), said the exporter fraternity is expecting fiscal support and affordable credit, from the upcoming budget. "A need of the hour is t

India's consumer good shipments to Russia rise for 2nd month in Oct: Govt

During October, India exported goods worth $280 million, up 3.7 per cent as compared to a year ago, led by demand for items such as vegetables, tea, coffee, chemicals as well as iron and steel product

India's exports contract for first time in 2 years; imports moderate

Decline 17% to $29.8 billion in October

Exports up 4.8% to $35.45 billion days after initial data showed a dip

The World Trade Organization (WTO) has also painted a grim picture for the outlook of global trade next year amid fears of a recession

FIEO plea for sops at odds with govt view

It is difficult to understand why the exporters want the taxpayers' money to further their businesses

New foreign trade policy may focus on non-fiscal measures to boost exports

The policy could throw light on how India may want to be integrated into the global value chain, for which realignment has started, and factors that have affected the integration

Amid global headwinds, Indian exporters hope to tide over slowdown

Say India is better placed even as exports decline

India's April exports up 197% on low base; trade deficit widens to $15.2 bn

Better export figure largely due to low-base effect, as Covid-19 induced nationwide lockdown a year ago had temporarily stopped economic activity

Shipping lines set to decide if container e-module's a success

The FIEO says the e-module is a first-level marketplace where exporters can post their container demands online, which will help in ground-level assessment of containers required in the country

Govt puts Rs 2 crore cap on exports promotion scheme, sparks protests

Exporters fume as notification by Commerce Department confirms January 1, 2021 as end date for scheme

Export order books improving, but labour shortage still an issue: Exporters

Exporters associations say orders are coming but there is a problem in boosting production as workers stay away in coronavirus pandemic

Customs told to clear all Chinese shipments with entry bills till June 30

"The rationale for the June 30 midnight deadline is not very clear," said a government official.

Resolve risky exporters' issue immediately, release refunds: FIEO

Exporters' body FIEO on Wednesday demanded fast resolution of issues related to 'risky exporters' and immediate release of their refunds to help them tide over the problems arising due to pandemic.

Kicking the import habit: Can India grab a $200-bn business opportunity

PM Modi's call for a self-reliant India, free of its dependence on imports, means opportunity for the domestic industry. But there are many questions that need to be answered, writes Sai Manish

Export body asks Mamata's intervention for early resumption of border trade

The letter said that if there is no improvement on the ground immediately, many exporters will have to shut their offices and become bankrupt

Container vessel idling at 1-yr high as Covid-19 pandemic sinks sailing

The highest sailing cancellation since the Covid-19 outbreak was in February, registering a spike of 105 cancellations across Trans-Pacific, Asia-Europe, and the Mediterranean trades.

Exports fall at fastest pace in 25 years in March amid Covid-19 outbreak

According to data released by the commerce and industry ministry, exports stood at just $21.4 billion in March, as massive broad-based decline plagued all major foreign exchange earning sectors.